---
title: "PNB Gilts Ltd (PNBGILTS) — Share Price, Financials & Analysis"
symbol: "PNBGILTS"
company: "PNB Gilts Ltd"
canonical: "https://tapetide.com/stocks/PNBGILTS"
isin: "INE859A01011"
nse_symbol: "PNBGILTS"
bse_code: "532366"
sector: "Financial Services"
industry: "Investment Company"
market_cap_cr: 1424.24
generated_at: "2026-09-13T18:23:56.186Z"
---

# PNB Gilts Ltd (PNBGILTS)

Canonical page: https://tapetide.com/stocks/PNBGILTS

## Company

- **NSE Symbol:** PNBGILTS
- **BSE Code:** 532366
- **ISIN:** INE859A01011
- **Sector:** Financial Services
- **Industry:** Investment Company
- **Macro Sector:** Financial Services
- **Stock Type:** EQUITY
- **Listed Since:** 2000-09-18
- **CEO:** Ms. Monika Kochar B.Com., L.L.B.
- **Employees:** 51
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** pnbgilts.com

## About

The Co’s primary activities include supporting government borrowing program via underwriting of government securities issuances and trading in a gamut of fixed income instruments such as Government securities, Treasury Bills, State Development Loans, Corporate Bonds, Interest Rate Swaps and various money market instruments such as Certificates of Deposits, Commercial Papers etc.[1]

## Latest Price

- **Price:** ₹80.34
- **Change:** -0.02 (-0.02%)
- **Open:** ₹80.36
- **Day High:** ₹81
- **Day Low:** ₹79.04
- **Previous Close:** ₹80.36
- **Volume:** 230861
- **As Of:** 2026-09-11T10:20:25+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:33.088515Z.

- **Market Cap:** ₹1424.24 Cr
- **Classification:** Microcap
- **P/E (reported):** 14.2
- **P/E (TTM):** 14.17
- **EPS (TTM):** ₹5.67
- **EPS (reported):** ₹3.51
- **Book Value:** ₹94.97
- **Price to Book:** 0.85
- **Dividend Yield:** 2.49%
- **ROE:** 15.08%
- **ROCE:** 6.78%
- **Debt to Equity:** 14.55
- **Revenue (yearly):** ₹1698.76 Cr
- **Net Income:** ₹190.67 Cr
- **EBITDA:** ₹1554.77 Cr
- **52-Week High:** ₹106
- **52-Week Low:** ₹58.6
- **RSI (14):** 49.41

## Tapetide Score

- **Score:** 41 / 100
- **Score date:** 2026-09-04
- **Archetype:** Trend Ahead of Fundamentals
- **What it means:** The price trend is running ahead of what the financials currently support. Moves like this depend on the fundamentals catching up; check what would have to be true for that.
- **Pillar profile:** Quality: Weak · Valuation: Fair · Momentum: Rising
- **Percentile:** 17.1 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 16.74 | 9% |
| growth | 31.89 | 9% |
| momentum | 64 | 12% |
| ownership | 37.23 | 24% |
| quality | 36.16 | 22% |
| valuation | 55.6 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.85 times its book value
- Company has been maintaining a healthy dividend payout of 17.8%

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 10.1% over past five years.
- Company has a low return on equity of 11.0% over last 3 years.
- Working capital days have increased from 93.2 days to 145 days

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 93.15% | 95.76% | -107.93% |
| ebitda margin growth | 32.81% | -5.69% | -5.29% | -3.12% |
| net income growth | 520.77% | -18.17% | 60% | -17% |
| revenue growth | 7.16% | 1.34% | 11% | 10% |
| roce | — | 6.6% | 56.58% | 6.2% |
| roe | — | 188.89% | 4.72% | -56.29% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 347 | 385 | 474 | 440 | 501 | 362 | 419 | 563 | 443 | 425 | 424 | 455 |
| Expenses | 67 | 34 | 13 | 14 | 12 | 59 | 12 | 26 | 152 | 30 | 93 | 15 |
| Operating Profit | 280 | 351 | 461 | 426 | 488 | 303 | 407 | 538 | 292 | 394 | 331 | 439 |
| OPM % | 81 | 91 | 97 | 97 | 98 | 84 | 97 | 95 | 66 | 93 | 78 | 97 |
| Other Income | 0 | 4 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 |
| Interest | 325 | 361 | 371 | 355 | 336 | 315 | 307 | 324 | 345 | 327 | 316 | 331 |
| Depreciation | 4 | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -49 | -10 | 86 | 71 | 153 | -12 | 99 | 213 | -53 | 68 | 14 | 108 |
| Tax % | -16 | 47 | 21 | 25 | 25 | -13 | 24 | 25 | -15 | 20 | 8 | 25 |
| Net Profit | -41 | -15 | 68 | 53 | 115 | -10 | 75 | 160 | -45 | 54 | 13 | 81 |
| EPS in Rs | -2.28 | -0.86 | 3.78 | 2.97 | 6.37 | -0.56 | 4.17 | 8.89 | -2.52 | 2.99 | 0.72 | 4.48 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 402 | 508 | 882 | 1052 | 756 | 1230 | 1577 | 1676 | 1699 | 1747 |
| Expenses | 70 | 21 | 31 | 32 | 43 | 349 | 55 | 52 | 144 | 290 |
| Operating Profit | 332 | 487 | 851 | 1020 | 714 | 881 | 1522 | 1624 | 1555 | 1456 |
| OPM % | 83 | 96 | 96 | 97 | 94 | 72 | 97 | 97 | 92 | 83 |
| Other Income | 0 | 0 | -81 | -9 | 8 | 8 | 4 | 2 | 2 | 2 |
| Interest | 331 | 403 | 519 | 395 | 510 | 973 | 1411 | 1312 | 1312 | 1319 |
| Depreciation | 0 | 0 | 1 | 2 | 1 | 1 | 15 | 3 | 3 | 3 |
| Profit before tax | 1 | 83 | 250 | 614 | 210 | -85 | 99 | 311 | 242 | 137 |
| Tax % | -8 | 36 | 25 | 26 | 21 | -9 | 30 | 25 | 25 | — |
| Net Profit | 1 | 53 | 186 | 454 | 166 | -77 | 69 | 233 | 182 | 102 |
| EPS in Rs | 0.08 | 2.94 | 10.35 | 25.23 | 9.21 | -4.29 | 3.86 | 12.95 | 10.09 | 5.67 |
| Dividend Payout % | 1277 | 48 | 29 | 40 | 54 | 0 | 26 | 8 | 20 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 | 180 |
| Reserves | 719 | 677 | 708 | 863 | 1136 | 1247 | 1080 | 1150 | 1365 | 1530 |
| Borrowings | 3514 | 4369 | 8234 | 12165 | 9864 | 14531 | 19243 | 22403 | 22384 | 24884 |
| Other Liabilities | 153 | 27 | 400 | 1051 | 960 | 792 | 994 | 807 | 773 | 467 |
| Total Liabilities | 4566 | 5252 | 9522 | 14258 | 12140 | 16750 | 21497 | 24540 | 24702 | 27060 |
| Fixed Assets | 3 | 3 | 3 | 4 | 3 | 4 | 7 | 7 | 5 | 6 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | 0 | 0 |
| Investments | 443 | 4999 | 8818 | 12965 | 10907 | 15267 | 18518 | 23008 | 23165 | 23314 |
| Other Assets | 4120 | 251 | 701 | 1290 | 1230 | 1480 | 2959 | 1525 | 1532 | 3740 |
| Total Assets | 4566 | 5252 | 9522 | 14258 | 12140 | 16750 | 21497 | 24540 | 24702 | 27060 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1213 | -800 | -3843 | -3898 | 2483 | -4564 | -4638 | -2875 | -197 | -2540 |
| Cash from Investing Activity | 197 | 0 | 0 | -1 | -1 | -1 | -14 | -1 | -1 | -1 |
| Cash from Financing Activity | -1431 | 800 | 3844 | 3900 | -2481 | 4613 | 4618 | 3159 | -38 | 2479 |
| Net Cash Flow | -20 | 0 | 0 | 1 | 1 | 49 | -35 | 283 | -236 | -62 |
| Free Cash Flow | 1212 | -800 | -3844 | -3899 | 2482 | -4564 | -4653 | -2876 | -198 | -2541 |
| CFO/OP | 269 | -235 | -785 | -452 | 259 | -631 | -526 | -187 | -8 | -158 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | 319 | 93 | 102 | -136 | 69 | 181 | 129 | 39 | 96 | 145 |
| ROCE % | 10 | 7 | 7 | 8 | 8 | 5 | 5 | 7 | 7 | 6 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% | 74.07% |
| FIIs | 0% | 0.01% | 0.02% | 0.25% | 0.1% | 0.29% | 0.35% | 0.53% | 0.77% | 0.3% | 0.18% | 0.07% |
| DIIs | 0% | 0% | 0% | 0.08% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 23.33% | 21.5% | 21.55% | 21.87% | 22.25% | 22.19% | 21.83% | 21.45% | 21.48% | 21.75% | 21.81% | 22.13% |
| Others | 2.6% | 4.41% | 4.36% | 3.74% | 3.58% | 3.44% | 3.76% | 3.95% | 3.68% | 3.87% | 3.94% | 3.73% |
| No. of Shareholders | 84154 | 81673 | 82765 | 82897 | 83752 | 84960 | 84453 | 83245 | 85116 | 83065 | 82085 | 84279 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 79.66 | Buy |
| EMA (10) | 80.06 | Buy |
| SMA (20) | 79.41 | Buy |
| EMA (20) | 80.15 | Buy |
| SMA (50) | 82.68 | Sell |
| EMA (50) | 81.5 | Sell |
| SMA (100) | 82.14 | Sell |
| EMA (100) | 81.7 | Sell |
| SMA (200) | 79.79 | Buy |
| EMA (200) | 82.67 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 49.34 | Neutral |
| MACD (12,26,9) | -0.47 | Buy |
| Stochastic (14,3,3) | 50.48 | Neutral |
| ADX (14) | 18.42 | Neutral |
| Williams %R (14) | -46.91 | Neutral |
| ATR (14) | 2.93 | High Volatility |
| ROC (12) | 1.18 | Buy |
| Stoch RSI (14) | 64.71 | Neutral |
| UO (7,14,28) | 38.46 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=908fae12-b2b0-4ea2-9b0c-028b6f4ae435.pdf) |
| 2026-09-08 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b194829-4671-449d-9724-03065f0ea094.pdf) |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1971fbe4-9386-46da-9c93-b68e63a7ae70.pdf) |
| 2026-09-03 | [Notice Of 30Th Annual General Meeting (AGM) To Be Held On September 28 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=013142a6-a021-43b3-8e46-99857962b809.pdf) |
| 2026-09-03 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d95ea707-0565-4fde-819a-47b43a9e33c3.pdf) |
| 2026-09-01 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=92764c2f-6a6c-4fe7-af05-55e01628c7c7.pdf) |
| 2026-08-07 | [Record Date For Entitlement Of Final Dividend 2025-26 If Declared At Ensuing AGM Fixed As Monday September 21 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c2f1a35e-498c-41e9-8efc-7ae46c80b9fa.pdf) |
| 2026-08-07 | [Approved The Notice Of 30Th Annual General Meeting Of The Company Is Scheduled To Be Held On Monday September 28 2026 At 11.00 A.M. (IST) Through VC/OAVM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=1363367a-6ffe-4999-b8f5-97d2c4f99061.pdf) |
| 2026-08-07 | [Board Meeting Outcome for Outcome Of Board Meeting](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3491ae51-1008-40c2-83e5-37717624a86b.pdf) |
| 2026-08-07 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=024a722c-eae2-48e9-b260-27971645bf95.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-16 | [Unaudited Financial Results For Quarter Ended On 30Th June 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f2da0c3-1b81-449a-bf06-5ad42dffceeb.pdf) |
| 2026-04-20 | [Audited Financial Results For The Quarter And Year Ended On 31.03.2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f73eb36-b1d5-44d1-b35c-76204891ae96.pdf) |
| 2026-01-17 | [Unaudited Financial Results For QE And Nine Months Ended 31.12.2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0ccdee35-f3fe-4a26-96b8-41b34e29ab0a.pdf) |
| 2025-10-16 | [Unaudited Financial Result For The Period Ended September 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=08b2819f-afdc-4b74-ba66-dad004daf21b.pdf) |
| 2025-07-23 | [Financial Results For The QE June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=afb92c8a-a7af-48ef-985e-b5e9cf683bba.pdf) |
| 2025-05-02 | [Audited Financial Result For The Quarter And Year Ended March 31 2025.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c1be39c2-8dd1-4b7c-a26a-0f1c9010023d.pdf) |
| 2025-01-28 | [Unaudited Financial Results (Standalone) Of The Company For The Quarter And Nine Months Ended December 31 2024.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62ae33ae-133d-4249-b767-8eaf088165f2.pdf) |
| 2024-10-24 | [Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=860088ec-8f90-4d61-97d7-f0a158aadce6.pdf) |
| 2024-07-24 | [Results - Unaudited Financial Results For The Period Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=29a9a912-eefe-4e0f-87ba-252ad1e36152.pdf) |
| 2024-05-01 | [Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3afaa38f-a8ba-4c4d-a0d4-637a30887a0d.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 30 Jan - RBI approved appointment of Sh. Bibhu Prasad Mahapatra as Additional Director w.e.f. Jan 29, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 30 Jan - RBI approved appointment of Sh. Bibhu Prasad Mahapatra as Additional Director w.e.f. Jan 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19c44ba5-9141-46c5-aa51-59b63b235718.pdf) |
| 30 Jan - ICRA reaffirmed A1+ for PNB Gilts' Rs.1000 crore CP and Rs.1000 crore ICD programmes on Jan 29, 2026. | [Announcement under Regulation 30 (LODR)-Credit Rating 30 Jan - ICRA reaffirmed A1+ for PNB Gilts' Rs.1000 crore CP and Rs.1000 crore ICD programmes on Jan 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e257263b-53a9-4744-8b66-0503fe50298d.pdf) |
| 27 Mar - PNB Gilts appointed Pankaj Kumar as Deputy Chief Executive Officer effective March 27, 2026; 22+ years banking experience. | [Announcement under Regulation 30 (LODR)-Change in Management 27 Mar - PNB Gilts appointed Pankaj Kumar as Deputy Chief Executive Officer effective March 27, 2026; 22+ years banking experience.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/464dfd2f-a6d0-4dfa-96f5-e75a23e86972.pdf) |
| 20 Apr - PNB Gilts approved FY26 audited results, reported ₹18,161.55 lakh profit, and recommended ₹2 final dividend. | [Announcement under Regulation 30 (LODR)-Dividend Updates 20 Apr - PNB Gilts approved FY26 audited results, reported ₹18,161.55 lakh profit, and recommended ₹2 final dividend.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/604a9bd3-e672-4acb-af31-f743ed53a39e.pdf) |
| 20 Apr - PNB Gilts approved FY26 audited results and recommended ₹2 final dividend per share. | [Board Meeting Outcome for Audited Financial Result For Quarter And Year Ended On 31.03.2026 20 Apr - PNB Gilts approved FY26 audited results and recommended ₹2 final dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/14870315-c98b-4d65-9acb-72590a398d24.pdf) |
| 20 Apr - Board approved FY26 audited results and recommended ₹2 final dividend per share. | [Audited Financial Results For The Quarter And Year Ended On 31.03.2026 20 Apr - Board approved FY26 audited results and recommended ₹2 final dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f73eb36-b1d5-44d1-b35c-76204891ae96.pdf) |
| 17 Jan - Board approved Q3/9M results (Dec 31, 2025); appointed CFO, CTO, CRO, CCO, CISO effective Jan 17, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 17 Jan - Board approved Q3/9M results (Dec 31, 2025); appointed CFO, CTO, CRO, CCO, CISO effective Jan 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c024f711-3769-4468-95f4-b5ab0bb12818.pdf) |
| 16 Mar - RBI approved Anju Mittal as Additional Director (Non-Executive, Non-Independent) effective 16.03.2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 16 Mar - RBI approved Anju Mittal as Additional Director (Non-Executive, Non-Independent) effective 16.03.2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee3f6248-6344-4838-94b3-dd31dded7a01.pdf) |
| 12h - PNB Gilts approved FY26 audited results and recommended ₹2 final dividend per share. | [Board Meeting Outcome for Audited Financial Result For Quarter And Year Ended On 31.03.2026 12h - PNB Gilts approved FY26 audited results and recommended ₹2 final dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/14870315-c98b-4d65-9acb-72590a398d24.pdf) |
| 12h - Board approved FY26 audited results and recommended ₹2 final dividend per share. | [Audited Financial Results For The Quarter And Year Ended On 31.03.2026 12h - Board approved FY26 audited results and recommended ₹2 final dividend per share.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f73eb36-b1d5-44d1-b35c-76204891ae96.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_PNBGILTS_2011_2012_02072012115702.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/50e156ec-c9fb-425a-ba75-fbb243a46773.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a4116797-2c82-4087-8f44-709d60e6dbea.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a1b9b693-8d61-4934-8851-8b913f254427.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532366/74116532366.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532366/70119532366.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532366/66647532366.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532366/5323660319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532366/5323660318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532366/5323660317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:23:56.186Z.